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I think Bob also raised a few good points. Ensure a construction program is included into the contract, along with a progress payment schedule (naturally should be anyway). Regarding progress payment schedules, be careful the builder doesn't increase the earlier progress payments by too much...

Look into either a design, novate & construct contract (DN&C) or a design development & construct contract (DD&C). Although lump sum contracts seem like the cheapest and best way to go, the builder can push any design errors and unforeseen risks back onto you. They'll also try and make some more...